Flat Glass Market Overview, Industry Top Manufactures, Market Size, Industry Growth Analysis & Forecast to 2023
Market Highlights: Today, low cost production in the glass industry means saving energy, using resources more effectively, responding more flexibly to market requirements and binding less capital. This is getting harder as markets are growing closer and competition is getting fierce. However, there are opportunities for new markets in Eastern Europe and Asia for new products such as ultra-thin glass for flat screens, and mobile phones. Get Sample Report@ https://www.marketresearchfuture.com/sample_request/5415 Flat glass is extensively used in construction industry replacing conventional bricks, wood and stone. Growth in infrastructural spending for building airports and residential buildings, coupled with strict amendments regarding the use of ecofriendly building materials, will drive industry growth. Emerging trends, which have a direct impact on the dynamics of flat glass industry, include increased use of advanced nanotechnology in flat glass, solar control glazing for automotive and building glasses, lightweight glazing glass. Technological developments in terms of energy harnessing, coupled with superior properties including recyclability and sustainability, is expected to power the market growth. However, the availability of raw material and price volatility may affect the supply demand scenario in the market. Rising R&D investment into the introduction of advanced, specialized and customized products in the market, is expected to lead the market growth in future. Focus on R&D for Automotive Glass
The manufacturers of the automotive glass work hand in hand with the OEMs so as to offer continuous innovation in the design and match the needs of the consumers. The glass manufacturers are making heavy investments into R&D so as to develop technology to reduce the weight of the glass to that of providing new shapes. The glass manufacturers are investing in R&D also to gain a competitive edge in the market while emphasizing on system integration and new functionality that provide better features to the consumers. According to Strategy & 2015 Global Innovation 1000 analysis, Bloomberg data, and Capital IQ data, the total spending in automotive R&D is increased from 2007 to 2015. The growth of the solar energy industry in this region has fueled the demand for flat glass in the region. India and China focusing on producing electricity through renewable sources and increasing solar energy installations in China, Japan, India, and other emerging countries, will boost the demand for flat glass in future. The growing automotive production will further drive the growth of the flat glass market in automotive industry. For more Enquired @ @ https://www.marketresearchfuture.com/reports/flat-glass-market-5415